Consumers Financial Using Your Tax Refund To Buy A Home Before Interest Rates Go Up Again

Using Your Tax Refund To Buy A Home Before Interest Rates Go Up Again

Anyone else excited about tax time like we are? If you’re like millions of other Americans, the answer is “NO”. But your outlook doesn’t need to be so glum. If you are getting a tax refund, this time of year can seem almost as rewarding as getting a bonus.

Using Your Tax Refund To Buy A Home Before Interest Rates Go Up Again

Have you thought of maybe taking advantage of the extra money and using that refund as a down payment for a new home or to refi your existing home loan to a lower interest rate? Interest rates rose to a 4-year high this month and are expected to continue to clime for the rest of 2018. Higher rates equal higher monthly payments, making that new home or refinance plan that much more expensive. The sooner you get approved the better your chances are at locking in at a great interest rate.

Consumers Financial Mortgage’s own Matt Stout had this to say
“Using your tax refund as a portion of your down payment can be a great idea. While we have purchase options with as little as $500 down, putting more down payment can greatly improve your monthly payment.”

If you or someone you know is considering a home purchase, let them know to give Matt a call. There are many new programs that make the process more attainable. Approval is fast and always free. Call for more information on custom options at 801.599.5363 today or get a Quick Quote today!

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